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Mellon Global Investments Appoints Rainer Lenzin in New Sales Role

LONDON, 6 October 2005 — Mellon Global Investments today announced the appointment of Rainer Lenzin as vice president responsible for sales in Austria and Switzerland, reporting to Neal Kutner, first vice president and head of sales for Mellon Global Investments in the region. Lenzin joined on 4 October 2005.

Lenzin's key responsibilities will include the promotion of Mellon's offshore fund range to multi-manager platforms as well as developing the distribution of Mellon funds through the private banking businesses of local financial services organisations.

Lenzin joins Mellon from Lehman Brothers in Zurich where he was responsible for institutional equity sales into Switzerland, Holland and Germany. His previous experience includes fund management roles at Credit Suisse Asset Management and as a consultant at Corporate Marketing Strategy Consulting in Berne.

Commenting on the appointment, Jon Little, chief executive officer of Mellon Global Investments and co-chair of Mellon International, said: "We are delighted to welcome Rainer to the team. Our business in Austria and Switzerland has grown significantly in recent years and now warrants additional resource to focus on further developing the distribution of our Mellon Global Funds range."

London-based Mellon Global Investments Limited is the international distributor of the investment skills and products of the asset management subsidiaries of Mellon Financial Corporation. Each of Mellon's asset managers is a specialist in its field. Their combined offering includes mainstream and high yield bond, cash, equity management, currency overlay, indexation and alternative investment management. Mellon Global Investments delivers these diverse skills to a wide and varied client base, providing a wealth of solutions. More information is available at www.mellonglobalinvestments.com.

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and treasury services. Mellon has approximately $4.2 trillion in assets under management, administration or custody, including $738 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com.

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